https://www.taxtmi.com/news?id=73151 A fuel price stabilisation mechanism has been approved to cushion scheduled Indian airlines against exceptional aviation turbine fuel volatility arising from the West Asia crisis. The arrangement provides a one-time, interest-free advance to state-owned oil marketing companies so that jet fuel can be supplied at a fixed or benchmark-linked price, with compensation payable to those companies when import parity prices rise above the government-determined benchmark. Participating airlines must buy ATF exclusively from oil marketing companies under supervised agreements, and the support is time-limited with recovery through a defined true-up mechanism. en-us Wed, 03 Jun 2026 19:46:04 +0530 Wed, 03 Jun 2026 19:46:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=73151 A fuel price stabilisation mechanism has been approved to cushion scheduled Indian airlines against exceptional aviation turbine fuel volatility arising from the West Asia crisis. The arrangement provides a one-time, interest-free advance to state-owned oil marketing companies so that jet fuel can be supplied at a fixed or benchmark-linked price, with compensation payable to those companies when import parity prices rise above the government-determined benchmark. Participating airlines must buy ATF exclusively from oil marketing companies under supervised agreements, and the support is time-limited with recovery through a defined true-up mechanism. News - Wed, 03 Jun 2026 19:46:04 +0530 https://www.taxtmi.com/news?id=73151